Question: PLEASE ANSWER ALL THIS IS MY LAST QUESTION AVAILABLE FOR THE MONTH PLEASEEEEE 1. Lavage Rapide is a Canadian company that owns and operates a
| Fixed Cost per Month | Cost per Car Washed | |
|---|---|---|
| Cleaning supplies | $ 0.60 | |
| Electricity | $ 1,300 | $ 0.08 |
| Maintenance | $ 0.10 | |
| Wages and salaries | $ 4,400 | $ 0.30 |
| Depreciation | $ 8,200 | |
| Rent | $ 1,900 | |
| Administrative expenses | $ 1,400 | $ 0.04 |
For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $5.90 per car washed.
Required:
Prepare the companys planning budget for August.
5. Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the companys costs:
| Fixed Cost per Month | Cost per Car Washed | |
|---|---|---|
| Cleaning supplies | $ 0.50 | |
| Electricity | $ 1,200 | $ 0.05 |
| Maintenance | $ 0.20 | |
| Wages and salaries | $ 4,800 | $ 0.40 |
| Depreciation | $ 8,200 | |
| Rent | $ 1,800 | |
| Administrative expenses | $ 1,600 | $ 0.04 |
For example, electricity costs are $1,200 per month plus $0.05 per car washed. The company actually washed 8,400 cars in August and collected an average of $6.40 per car washed.
Required:
Prepare the companys flexible budget for August.
3. Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the companys costs:
| Fixed Cost per Month | Cost per Car Washed | |
|---|---|---|
| Cleaning supplies | $ 0.50 | |
| Electricity | $ 1,400 | $ 0.06 |
| Maintenance | $ 0.25 | |
| Wages and salaries | $ 4,700 | $ 0.40 |
| Depreciation | $ 8,100 | |
| Rent | $ 1,800 | |
| Administrative expenses | $ 1,800 | $ 0.05 |
For example, electricity costs are $1,400 per month plus $0.06 per car washed. The company expects to wash 8,000 cars in August and to collect an average of $6.00 per car washed.
The actual operating results for August are as follows:
| Lavage Rapide | |
| Income Statement | |
| For the Month Ended August 31 | |
| Actual cars washed | 8,100 |
|---|---|
| Revenue | $ 50,100 |
| Expenses: | |
| Cleaning supplies | 4,500 |
| Electricity | 1,850 |
| Maintenance | 2,240 |
| Wages and salaries | 8,260 |
| Depreciation | 8,100 |
| Rent | 2,000 |
| Administrative expenses | 2,100 |
| Total expense | 29,050 |
| Net operating income | $ 21,050 |
Required:
Calculate the company's revenue and spending variances for August.
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